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This startup is figuring out how much used EVs are worth by analyzing their batteries

·1 min

Recurrent, a startup based in Seattle, wants to provide a solution for valuing used electric vehicles. With the used car market being twice the size of the new car market, the valuation of electric cars presents a challenge, particularly when it comes to assessing the battery life. The battery is a crucial component that can exceed the value of the car itself when it needs replacement. Recurrent uses software, without any hardware, to analyze and compare the health of electric vehicle batteries, helping buyers and dealerships make informed decisions. The company has attracted investors and has seen growth in its user base and revenue. The used EV sector is expected to grow rapidly in the next five years.